Updated Oct 28, 2024
Chicago Metropolitan Housing Development Corporation Sells 15-Unit Multifamily Property For $725,000 In Chatham, Chicago
8001 South Dobson Avenue, Chicago, IL, USA
$725,000
$98/SF
Building Size
7,375 SF
Asset Type
MultiFamily
Closing
Sep 9, 2021
About this deal
AI
An multifamily property located at 8001 S. Dobson in Chatham, Chicago has been sold for a price of $725,000. The property consists of 15 units, which brings the price per unit to $48,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $725,000
- Address: 8001 S. Dobson, Chatham, Chicago
- Market: Chatham, Chicago
The seller of the property was the Chicago Metropolitan Housing Development Corporation. The sale was facilitated by Aaron Sklar & Noah Birk from Kiser Group.
The multifamily sale at 8001 South Dobson Avenue, Chicago, IL, USA in Chicago, Illinois sold for $725K in 2021. Reported inventory is 7,375 square feet across 15 units, or about 98 per square foot. Noah Birk, Aaron Sklar, Kiser Group appear on the sale alongside Kiser Group. This page is the Chicago, Illinois file for the 8001 South Dobson Avenue, Chicago, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 8001 South Dobson Avenue, Chicago, IL, USA around 2021. Published consideration for 8001 South Dobson Avenue, Chicago, IL, USA is $725K, dated 2021. Cite this Chicago Metropolitan Housing Development Corporation Sells 15-Unit Multifamily Property For $725,000 In Chatham, Chicago sale when underwriting similar multifamily product around Chicago, Illinois.
On the Map
$725,000
$98/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
21.88%
Cash-on-Cash
-6.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93